Refinance Assets: Make the things you own pay for the things you need
Release the value in your business - use funds you have already invested to work for you a second time
Current Terms Available
- Cost effective way to raise funds
- Competitive rates from 6%
- Simple secure lending
- Repay over up to 60 months
- Most business assets suitable
- Adverse Credit – no problem
- No interruption to your use of the asset
- Funding available quickly
- Funds for any legal purpose
- Reinvest for growth
- Deal with major costs
- Individual service
Your business has money tied up in assets, from vehicles and plant to your premises.
There is a way to get the money you have already invested to work for you a second time.
Asset Refinance – makes your money work harder
Asset Refinance lets you use the investment you have already made in your assets to raise the money to take your business to the next stage, while still having full use of all the assets you use now.
So, when you need to fund new equipment, unlock working capital to buy stock or simply want a cash injection to ease cash flow, Asset Refinance can be the cost-effective answer to raise the funds you need.
How it works
Providing security – a physical asset, which has a real value – as security for a loan reduces the risk for the lender, so it means the rates of interest you pay can be lower. The lender will have the right to take the asset but they will only do so if you don’t keep up repayments.
With Asset Refinance you use the value of assets you already own as security for business lending. The assets can be your premises, vehicles, machines – virtually any item of value that your business owns.
The finance company will buy the asset from you for an agreed cost based on its value, providing you with the cash sum you need.
They will then let you buy the asset back from them, with a new finance arrangement.
Your carry on using the asset without interruption, and at the end of the agreement, it becomes your property again.
Why you need Rangewell to set up Asset Refinance
Asset Refinance is a routine business arrangement, but it does require some expert help. Assets from a van to an entire factory can be used, but making the necessary arrangements, which include providing a valuation of the assets needs specialist knowledge. Few finance providers have the necessary knowledge to make fair assessments in every business sector.
At Rangewell, we know lenders who work in virtually every business sector including specialist and niche areas such as medical or veterinary equipment – ensuring that whatever your line of work you can have asset finance and affordable terms. We can work with you to find the most appropriate lender.
Our Asset Refinance experts can help you through issues such as valuation, unique asset identifiers and depreciation, ensuring you get a deal that works with your needs.
You may even be able to use asset refinance regardless of whether you already own the asset outright or are using it under an existing finance deal
Making payments easier
If you are having difficulty making payments on an existing Asset Finance arrangement, or simply want to redirect cash elsewhere in your business, you can refinance it. A lender will pay off what you owe under your original agreement and set up a new finance arrangement.
This can mean reduced repayments, spread out over a longer term, or provide you with a cash lump sum as well as a new finance agreement for your asset.
REAL EXAMPLES OF WHAT WE CAN DO
Refinanced a small fleet of coaches – allowing the owners to add new vehicles
Sourced refinance agreements for machinery without serial numbers
Set up HP on a truck to raise funds for a company in a Creditors Voluntary Agreement
Arranged refinance across assets in an entire business including machine tools and vehicles to fund the purchase of a small competitor
Refinanced assets that will be over 12 years old at the end of the finance period
Find out more
Asset refinance is flexible, and can answer a wide range of funding needs. To understand exactly what it can do for you, you need to talk to a Rangewell expert to hear more about the possibilities.
Call us now.
What business owners say abut asset refinance...
Helping you build your profits
Avoid the need for additional investmentAvoid the need for additional investment whilst getting access to the additional tools, equipment, vehicles and machinery your business needs.
The funds you need, fastRefinance is secured on your existing assets, so it can be arranged fast, allowing you to take advantage of opportunities as they arise.
Get cash buyer advantagesGive your business a cash injection or buy other assets that may not be suitable for hire purchase or leasing agreements – and get cash buyer negotiating power.
Scaled for your businessRefinance can be based on assets costing hundreds of pounds or millions. Whatever the scale of your business there is a probably an asset finance solution to fit it.
What is suitable for asset refinance?Refinance can be arranged on premises, vehicles, plant and machinery, hotel, restaurant and office equipment, medical, dental and veterinary equipment – and many other assets.
Takeover fundingRefinance can be provided to take over a finance agreement you have with another provider and extend the term – spreading the cost further and reducing monthly outgoings.
Download Rangewell’s free and detailed guide to Refinancing your Existing Assets
How does Asset Refinance work to release cash for working capital from your existing assets?
Can Asset Refinance give my business a cash injection?
What are the benefits of Asset Refinance solutions?
How does the Asset Finance company work out the value of your assets?
Can I apply for a new commercial finance agreement, even though my business is currently repaying an existing finance agreement?
Is it true that Asset Refinance provides the tools to help with cash flow issues?
How good finance brokers can help you save money on your business finance
Key business funding terms to understand, including Hire Purchase and leasing, unencumbered assets, monthly payments, and short- and long-term agreements
How to arrange Asset Refinance - the paperwork, valuations and agreement
What do typical monthly repayments look like with Asset Refinancing?
Are all lenders authorised and regulated by the Financial Conduct Authority?
Download our free e-book on what you need to know about Asset Refinancing
You may need a specialist lenderNot all providers serve all business sectors, and not all provide refinance arrangements. At Rangewell, we can help you find lenders who specialise in your sector, and who may be able to provide the solutions you need.
Asset refinance may restrict other funding optionsYou will be locked into an asset finance arrangement. If your business plans change, it could restrict the choices available to you
Your assets could be at riskIf you are unable to keep up repayments on a refinance loan, your key business assets could be at risk.
Our service is...
ImpartialTransparent and independent, treating all lenders equally, finding the best deals.
In-depthEvery type of finance for every type of business from the entire market - over 300 lenders.
In-personSpecialist Finance Experts support you every step of the way.
FreeWe make no charge of any kind when we help you find the loan you need.
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